QUALCOMM Incorporated (NASDAQ:QCOM) EVP Alexander H. Rogers sold 357 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $51.43, for a total transaction of $18,360.51. Following the completion of the transaction, the executive vice president now owns 1,776 shares of the company’s stock, valued at $91,339.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alexander H. Rogers also recently made the following trade(s):

  • On Monday, August 28th, Alexander H. Rogers sold 384 shares of QUALCOMM stock. The shares were sold at an average price of $51.72, for a total transaction of $19,860.48.

QUALCOMM Incorporated (NASDAQ:QCOM) opened at 51.84 on Friday. The company’s 50-day moving average is $52.06 and its 200 day moving average is $54.99. The company has a market cap of $76.52 billion, a price-to-earnings ratio of 19.85 and a beta of 1.29. QUALCOMM Incorporated has a 12 month low of $48.92 and a 12 month high of $71.62.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. The business’s revenue was down 11.1% on a year-over-year basis. Equities analysts forecast that QUALCOMM Incorporated will post $4.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Monday, August 28th. QUALCOMM’s dividend payout ratio (DPR) is currently 87.36%.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: QUALCOMM Incorporated (QCOM) EVP Sells $18,360.51 in Stock” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/insider-selling-qualcomm-incorporated-qcom-evp-sells-18360-51-in-stock/1600916.html.

A number of large investors have recently added to or reduced their stakes in the business. WealthTrust Axiom LLC boosted its position in QUALCOMM by 0.3% during the 1st quarter. WealthTrust Axiom LLC now owns 5,804 shares of the wireless technology company’s stock worth $332,000 after acquiring an additional 15 shares during the last quarter. Ronald Blue & Co. LLC boosted its position in QUALCOMM by 0.5% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,760 shares of the wireless technology company’s stock worth $208,000 after acquiring an additional 18 shares during the last quarter. Excalibur Management Corp boosted its position in QUALCOMM by 0.7% during the 1st quarter. Excalibur Management Corp now owns 4,384 shares of the wireless technology company’s stock worth $251,000 after acquiring an additional 31 shares during the last quarter. Hollencrest Securities LLC boosted its position in QUALCOMM by 0.9% during the 2nd quarter. Hollencrest Securities LLC now owns 4,356 shares of the wireless technology company’s stock worth $241,000 after acquiring an additional 40 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its position in QUALCOMM by 0.4% during the 2nd quarter. North Star Investment Management Corp. now owns 9,459 shares of the wireless technology company’s stock worth $522,000 after acquiring an additional 42 shares during the last quarter. 76.96% of the stock is owned by hedge funds and other institutional investors.

QCOM has been the subject of several analyst reports. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $60.45 target price for the company in a research note on Wednesday, June 7th. Canaccord Genuity restated a “buy” rating and issued a $70.00 target price on shares of QUALCOMM in a research note on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and issued a $65.00 target price on shares of QUALCOMM in a research note on Thursday, July 13th. Mizuho restated a “buy” rating and issued a $65.00 target price on shares of QUALCOMM in a research note on Friday, July 21st. Finally, Morgan Stanley upped their target price on shares of QUALCOMM from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. QUALCOMM currently has a consensus rating of “Hold” and a consensus price target of $63.60.

About QUALCOMM

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.

Insider Buying and Selling by Quarter for QUALCOMM (NASDAQ:QCOM)

Receive News & Ratings for QUALCOMM Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.